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Anti-pipeline blockades have stalled CN network shipments, adding to Canadian farmers' losses from the November CN strike. Farm groups say there is no spare rail capacity, so recovery could take weeks or months.
Lost rail capacity delays grain and food shipments to export buyers, supporting Canadian grain basis and freight costs for feed buyers.
financialpost.comNaomi PowellFeb 12, 2020After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
